October 20, 2009

The Daily Bankruptcy News

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Law:

O'Melveny Loses $750K in SonicBlue Bankruptcy Fees
(DBN)

Secret SEC Data-Mining to Fuel New Insider-Trading Cases; Lawyers Targeted
(DBN)

Morrison & Foerster Lowers California Starting Pay
(DBN)

Weil tops list of earners as Lehman bankruptcy fees near $200m
(DBN)

Texas Case Could Have Huge Implications for Laterals
(DBN)

Commercial Mortgage Defaults: Final Surge in the Credit Crisis Litigation Wave?
(DBN)

Bank Battles Law Firm Over Ex-Attorney’s Right to Millions in Unpaid Contingent Fees
(DBN)

Everything Must Go!: Zombie BigLaw Firm Holds Yard Sale to Raise Cash
(DBN)

Tales of Deferred Associates: Your Waiter Could Be a Lawyer
(DBN)

Career Alternatives for Attorneys: Preventing Dictatorship?
(DBN)

Study: General Counsel Really Want to Control Outside Legal Costs
(DBN)

Firm With No Associates Intends to Stay that Way
(DBN)

Where the Jobs Are . . . Something Waits for You
(DBN)

Does He Have the Toughest GC Job in America?
(DBN)

Survey: Legal Pitfalls of Outsourcing May Outweigh Benefits
(DBN)

Did Bank of America Mess Up Its Privilege Waiver?
(DBN)

Law Firm to Pay $1.5M to Settle Claims That Ex-Associate Dropped Cases
(DBN)

Prosecutor asks for perjury charges against Mike Stefani
(DBN)

Do firms expect too much of associates when it comes to business development?
(DBN)

Ex-NY BigLaw Associate's Woes Worsen, as Criminal Charges Follow Insider Trading Suit
(DBN)

Feds Plan More Insider-Trading Cases; Lawyers Among Those Targeted
(DBN)

Financier Stanford Adds Another Attorney to Defense Team
(DBN)

Cravath Lawyer Credits Talking Texan for M&A Successes
(DBN)

Lisa Blue-Baron Carries on the Legacy of Her Late Husband
(DBN)

Williams & Connolly Sues Client for $2 Million
(DBN)

Phony Ba-Loany: NY Lawyer Fined for Filing Doctored Docs on $14.6 Million Note
(DBN)

Feds Follow Accused Lawyer’s Money Trail to California Cemetery
(DBN)

Foley Hoag Prepares for the Flu with Sanitizer and Home-Office Setups
(DBN)

Hurricane Katrina Victims Have Standing To Sue Over Global Warming
(DBN)

Kevin Ring Gets Retrial Date; Prosecutors Talk Billing Records
(DBN)

Can Avvo's Ratings Be Gamed?
(DBN)

Dad's Dumpster Dive Led to $1.8M Win in Phone Records 'Pretexting' Case
(DBN)

One Love, One Heart, One Bar Exam?: Some States Consider Using Uniform Test
(DBN)

Students Study Hardest at Villanova Law School, Survey Finds
(DBN)

Enrollment Drops, Tuition Rises at Thomas M. Cooley Law School
(DBN)

JD/MBA of the Day: Jonathan Eakman, With A Big FU to SMU
(DBN)

At Stanford Law School, It’s a Whole New Game of Quarters
(DBN)

Progress Proves Elusive for Diversity in the Legal Profession
(DBN)

BigLaw: There Is No Santa Claus in the Corner Office
(DBN)

Pictures are always important for an assistant-especially when "bonuses" are involved
(DBN)

Say What?!
(DBN)

______________

Judges:

Sotomayor Says White House Officials Chose Suit for Her Acceptance Ceremony
(DBN)

Memorial Service Held For Judge Justice
(DBN)

Supreme Court's Stevens keeps cards close to robe; Long-serving justice, 89, a force behind the scenes
(DBN)

The New U.K. High Court: A Chip Off The New Block
(DBN)

______________

Wall Street:

US Stock Futures Are Little Changed
(DBN)

European Stocks Fall
(DBN)

World stocks hit new 12-month high
(DBN)

Don't bail on Wall Street outrage
(DBN)

Banning Smart Kids from Wall Street
(DBN)

Economist: Why Did We Bail Out Goldman?
(DBN)

______________

Layoffs:

National and State by State Unemployment Rates
(DBN)

High Jobless Rates Could be New Norm
(DBN)

______________

Banking:

The Banks Are Not All Right
(DBN)

Dodd offers protection from bank overdraft fees
(DBN)

Goodwin's M&A Banker Matthew Greenburgh Shows Adviser Accountability Gap
(DBN)

Four Banks in Govt's 'Healthy Bank' Bailout Struggle to Survive
(DBN)

AG Brown to sue major bank over alleged fraud
(DBN)

______________

Autos:

Ford workers to vote on more concessions
(DBN)

Russian car giant Avtovaz could declare bankruptcy
(DBN)

Opel sale hits a snag. German government could be in a bind.
(DBN)

Magna faces new hurdles to Opel deal
(DBN)

No one has interest in re-opening Opel sale-Irwin
(DBN)

Linamar CEO sees new wave of auto parts failures
(DBN)

Europe's politics hold up GM's Opel sale
(DBN)

Germany Tells GM That State Aid Wasn't Available Only to Magna
(DBN)

______________

Compensation:

Criticism of Bank Pay Is More Muted
(DBN)

Are bankers' big bonuses fair?
(DBN)

Wall Street as bonus heaven
(DBN)

Wall Street 40% Bonus Rise Feeds Spending on $43 Steak, Co-ops
(DBN)

______________

Aviation:

To cut costs, airlines send repairs abroad
(DBN)

JAL Rehabilitation May Require Massive Injection of Public Funds
(DBN)

JAL's fate likely within days: minister
(DBN)

JAL's Banks Said to Reject Restructuring Plan
(DBN)

Aer Lingus May be at Risk of Bankruptcy
(DBN)

______________

 

 

 

Economy:

Fed Chief Cites Trade Imbalances' Role in Crisis
(DBN)

"Astonishing" That Big Banks Are Taking Taxpayer Money, Writing the Rules, Warren Says
(DBN)

Bernanke Urges US to Cut Deficit
(DBN)

KBW's Plan for GSEs Leans on Big Banks
(DBN)

Is Goldman Sachs the New GM?
(DBN)

Recession's Second Wave is On the Horizon
(DBN)

IMF defends lending policies
(DBN)

Economic Stress Index
(DBN)

Economy Tracker Map
(DBN)

US Debt Clock
(DBN)

Recovery Index
(DBN)

______________

Real Estate:

Are Fannie And Freddie Worthless?
(DBN)

Fannie, Freddie Tumble as KBW Analysts Call Shares 'Worthless'
(DBN)

Housing Starts in U.S. Probably Climbed as Sales Gains Trimmed Inventory
(DBN)

Home prices: About to get much cheaper
(DBN)

Yet another housing bailout on the way
(DBN)

Mortgage Delinquency Problems Could Linger Through 2010
(DBN)

Global Investors Following Decline in U.S. Property Values with Growing Interest
(DBN)

HAMP Mods Up 41% in September: FHFA
(DBN)

2.7m Distressed Properties in Market Pipeline
(DBN)

From Foreclosure to the Car to Shelter Bed
(DBN)

Homebuilder Confidence in US Unexpectedly Decreases
(DBN)

Homebuilders still struggling
(DBN)

Cash for Clunker Mortgages Program Unveiled
(DBN)

Whittaker Builders Inc. is in bankruptcy
(DBN)

Deal for Statler Towers hits a snag
(DBN)

Commercial Real Estate Debt Jumps Amid Soaring Delinquencies
(DBN)

US Commercial Property Values Fall 3% in August
(DBN)

FDIC Failed to Limit Commercial Real-Estate Loans
(DBN)

Hamptons Home Prices Rise as Buyers Return to $2 Million Deals
(DBN)

Whittaker files for bankruptcy
(DBN)

Bank challenges Connolly Properties' bankruptcy filing
(DBN)

_____________

Fraud:

Sri Lankan billionaire's US arrest stirs new scrutiny
(DBN)

Galleon’s Traders Seek Legal Advice, Update Resumes
(DBN)

Raj Rajaratnam Became Billionaire Demanding Edge
(DBN)

Insider-Trading Defendants Lawyer Up
(DBN)

8 trades the insiders allegedly made
(DBN)

Chiesi Faced Tax Lien as Government Says She Reaped Illegal Akamai Profit
(DBN)

Hilton trades led to Galleon bust
(DBN)

US Plans to Charge 10 More After Rajaratnam Arrest
(DBN)

Colleagues Bolster Probe of Billionaire
(WSJ: separate paid subscription required)

What Else Did Colleagues "Do" To Raj Rajaratnam?
(DBN)

Galleon founder's fate may help sink the group
(DBN)

A Closer Look At Galleon, Firm At Center Of Insider Trading Probe
(DBN)

Galleon's Traders Talk Stocks, Earnings, as Investors Seek Cash
(DBN)

At Besieged Hedge Fund, Assurances From the Top
(DBN)

'I'm Dead if This Leaks' -- Quotes From the Galleon Complaint
(DBN)

Thin Line Separates Insider Trading and Research
(DBN)

Hedge Funds Rocked by Galleon Insider-Trading Case
(DBN)

A bad week for Bear Stearns alumni
(DBN)

US Said to Target Wave of Insider-Trading Networks
(DBN)

US inside-trading net widens to rattle hedge funds: sources
(DBN)

LI biz gal a 'Ponzi' princess
(DBN)

Bribes Called Rampant at Oil Firm
(DBN)

______________

Telecoms:

Nortel sets official date for Ethernet asset auction
(DBN)

Unions: FairPoint requests are unfair
(DBN)

______________

Celebs:

The Nicolas Cage Liquidation Sale Is On
(DBN)

Bankrupt Kosar Rejoins NFL's Cleveland Browns as Consultant
(DBN)

Neighbor in Ritzy Co-op Sues Over Madonna’s ‘Blaring Music’ & Dancing
(DBN)

______________

Corporate Reform:

Managers on Trial
(DBN)

______________

Gambling:

2nd bid for Greektown is rejected, then withdrawn
(DBN)

______________

Mining:

Judge Throws Wrench in Asarco Takeover
(DBN)

Asarco judge says will look at labor issues in decision
(DBN)

Battle for Asarco to face key test in Texas court
(DBN)

Amid silver's steady rise, sides fight over mine lease
(DBN)

______________

Accounting:

Rumor Mill: More E&Y Partner Slip-Ups
(DBN)

If There Was a Huge Braveheart-esque Battle Between Accounting Firms in Chicago, Our Money Would Be on Deloitte
(DBN)

The Party Is Over for Accountants in Chicago
(DBN)

______________

Jewelry:

Jeweler Seeks to Cut Ties With DAR
(DBN)

______________

Credit Cards:

Card execs adjusting to new 'culture of thrift'
(DBN)

Capital One Charge-Offs, Delinquencies Increase
(DBN)

______________

Retailing:

`Serious Bargain Hunters' to Cut U.S. Holiday Spending by 3.2%, NRF Says
(DBN)

______________

Personal Finance:

Saving's Double-Edged Sword: Good for You, Bad for the Economy
(DBN)

Let the Recession Be Your Halloween Costume Inspiration
(DBN)

______________

 

New Bankruptcy Opinions
(No new opinions today)

Bankruptcy Court Web/Pacer Site Directory

Chapter 7, 12 & 13 Private Trustee Locator
(DBN)

Recent Ch. 11 Filings
(DBN)

Bankruptcy Jobs:

(1)- (2)- (3)- (4)- (5)- (6)- (7)- (8)- (9)- (10)
(DBN)

______________

Bankruptcy Statistics:

Bankruptcy filings up 51% in Connecticut
(DBN)

Bay State bankruptcies fall
(DBN)

Equifax: Bankruptcy filings continue to climb
(DBN)

______________

Finance:

Icahn slams CIT restructuring, offers $6B loan
(DBN)

Icahn Sees 'Knock-Down, Drag-Out Fight' on CIT's Fate
(DBN)

CIT still might face bankruptcy after debt swap
(DBN)

______________

IP:

Streambank Selected to Market S&K Menswear IP Assets
(DBN)

______________

Lehman:

Lehman Deal: Pearls Before Swine?
(DBN)

Holding Off Disaster: The Race to Save Lehman
(DBN)

Barclays Offered 'Lucrative' Jobs to Lehman Execs, Raising Questions
(DBN)

European legal fees for Lehman bankruptcy reach $112m
(DBN)

PwC's Lehmans fees top £154m
(DBN)

Lehman wind-up fees head into record territory
(DBN)

______________

Municipalities:

The City That Doesn't Work: Chicago Faces Massive Furloughs
(DBN)

______________

Credit Counseling:

Debt-reduction companies deceived customers, state says in lawsuit
(DBN)

______________

Religion:

Bishop explains why diocese filed for bankruptcy
(DBN)

Outrage as diocese's bankruptcy filing halts abuse trial
(DBN)

Catholics wonder what bankruptcy means for church
(DBN)

Bankruptcy seen as a hostile move
(DBN)

______________

Software:

SCO vs. Linux: SCO trustee fires SCO boss Darl McBride
(DBN)

______________

Food/Drink:

Alaska Chili's restaurants file for bankruptcy
(DBN)

______________

Golf:

Reserve Club ponders bankruptcy
(DBN)

______________

Rating Agencies:

Moody's, S&P Subprime Suit Narrowed by Judge's Ruling
(DBN)

Kroll to launch new credit rater
(DBN)

______________

Hedge Funds:

Hedge-Funders Are Now Supposed to Be Nervous About the SEC
(DBN)

Hedge fund hiring steps up
(DBN)

Hedge Funds Attract Cash After Four Quarters of Withdrawals
(DBN)

______________

Newspapers:

Times Says It Will Cut 100 Newsroom Jobs
(DBN)

Gannett's quarterly profit slides 53%; results top estimates
(DBN)

______________

Bonds:

Junk Bonds Still Cheap Even After Record Rally, JPMorgan Says
(DBN)

______________

Health Care:

Erickson to be sold to private investment firm, declares bankruptcy
(DBN)

______________

Corporate Reform:

Insider Trading Bust Shows SEC May Have a Pulse
(DBN)

New Enforcement Chief Aims to Restore Confidence in SEC
(DBN)

The $100 million bail for Galleon's founder sends a major message
(DBN)

______________

Hockey:

Coyotes bankruptcy proceedings in holding pattern
(DBN)

______________

Financial Literacy:

Financial (Il)Literacy Among the Young
(DBN)

______________

Private Equity:

Blackstone's troubles reflect industry's woes
(DBN)

______________

UK:

Worst 'yet to come' for insolvencies
(DBN)

UK Denies It Is Planning Windfall Tax on Banks
(DBN)

UK Had Record September Deficit as Slump Hit Taxes
(DBN)

______________

EU:

Euro zone to cut deficits in 2011 if recovery holds
(DBN)

EU Deal to Fight Tax Fraud Faces Veto From Austria, Luxembourg
(DBN)

______________

Canada:

Hydro warned of bankruptcy
(DBN)

Meet the developers willing to dive into distress
(DBN)

Bankrupt companies, pension promises destroyed
(DBN)

______________

Germany:

Arcandor's Quelle Deutschland to be shut down
(DBN)

______________

Russia:

Russia AvtoVAZ can't rule out bankruptcy
(DBN)

______________

Latvia:

Estonian entrepreneurs are losing millions in Latvia
(DBN)

______________

 

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